目前，平安集团已构建以保险、银行、资产管理为核心的综合金融业务体系，同时大力发展以平安健 康、北大国际医院为代表的医疗健康服务生态，致力于为高净值客户提供覆盖全生命周期的健康管理、 财富传承与家族服务闭环。 三湘都市报11月21日讯（全媒体记者 仝若楠）11月20日，中国平安"御享国医"暨"家族办公室"服务在长 沙落地。现场，平安人寿湖南分公司副总经理马健表示，中国平安持续深化"综合金融+医疗养老"双轮 驱动战略，依托科技赋能，推动服务升级。 随着"健康中国"战略的深入推进，公众对高品质健康管理和财富保障的需求持续增长。中国平安顺应时 代趋势推出"御享国医"服务，融合传统中医智慧与现代医疗科技，打造以国医大师周期调理为核心的中 西医协同健康管理体系。 高净值客户在财富传承、税务筹划、家族治理等方面也提出了更加系统化、专业化的服务诉求。"家族 办公室"服务则是平安依托集团综合金融优势打造的一站式高端服务，为高净值客户家庭提供"财富+健 康+家族治理"的全方位支持。 ...

Core Viewpoint - China Ping An has launched the "Yuxiang Guoyi" and "Family Office" services, marking a significant upgrade in its service offerings and commitment to serving the public's financial needs [1][3]. Group 1: Service Launch - The launch event for the "Yuxiang Guoyi" and "Family Office" services took place in Changsha on November 20 [1]. - This initiative is part of China Ping An's strategy to enhance its service capabilities and fulfill its responsibility towards improving people's lives [1]. Group 2: Strategic Focus - China Ping An is committed to the "financial for the people" principle and is deepening its dual-driven strategy of "comprehensive finance + healthcare and elderly care" [3]. - The company has established a comprehensive financial business system centered around insurance, banking, and asset management, while also developing a healthcare service ecosystem represented by Ping An Health and Peking University International Hospital [3]. Group 3: Target Market and Services - There is a growing public demand for high-quality health management and wealth protection, particularly among high-net-worth clients who seek systematic and professional services in wealth inheritance, tax planning, and family governance [3]. - The "Yuxiang Guoyi" service integrates traditional Chinese medicine wisdom with modern medical technology, focusing on a health management system that combines Chinese and Western medicine [3]. - The "Family Office" service offers comprehensive support for high-net-worth families, covering wealth, health, and family governance to ensure orderly wealth inheritance and sustainable family legacy [3]. Group 4: Future Commitment - As a leader in the comprehensive finance and health service sectors, China Ping An aims to continuously create value for its clients and promote a high-quality lifestyle characterized by health, orderly wealth, and strong family values [3].

Core Insights - The opening of "Yinian City · Jing'an No. 8" by Ping An Life marks a significant step in addressing the needs of the elderly, emphasizing three key aspects: sense of belonging, sense of security, and sense of value [1][2][3] Group 1: Project Overview - "Yinian City · Jing'an No. 8" is positioned as a benchmark for high-quality elderly care, integrating a comprehensive financial and medical care strategy [1][6] - The project aims to transition from a survival-based elderly care model to one focused on enjoyment and active participation in society [2][9] Group 2: Key Features - The sense of belonging is fostered through a connection to urban memories, allowing seniors to remain within familiar environments and access cultural amenities [2][3] - A robust health security system is established, featuring a "home-hospital alliance" model with on-site medical services and quick access to top hospitals [3][6] - Value is created by respecting and enhancing the unique life experiences of seniors, offering personalized services and lifelong learning opportunities [4][10] Group 3: Strategic Implications - The project represents a critical move in Ping An's dual strategy of "comprehensive finance + medical elderly care," addressing the growing elderly population in China [6][8] - The integration of financial services with healthcare aims to provide a stable funding source for elderly care, enhancing service delivery and customer satisfaction [7][8] Group 4: Industry Impact - The opening of "Yinian City · Jing'an No. 8" serves as an innovative model for the elderly care industry, promoting a shift from care-based to participatory models of aging [9][10] - The project is expected to influence industry standards and practices, encouraging a focus on the core needs of seniors through resource integration and technological empowerment [10][11]

Core Insights - Shenzhen Beiyi Rehabilitation Hospital, a flagship rehabilitation institution under Ping An's Peking University Health Group, officially opened on November 1, 2025, marking a significant addition to the healthcare landscape in Shenzhen and the Greater Bay Area [1][3][5] Industry Overview - The rehabilitation medicine sector is experiencing rapid growth, transitioning from a "hundred billion blue ocean" to a "two hundred billion urgent demand market," with an expected annual compound growth rate of approximately 20%, potentially exceeding 200 billion yuan by 2025 [4][13] - There is a significant supply-demand gap in rehabilitation services in Shenzhen, with a calculated demand for around 6,000 rehabilitation beds, while the actual supply is less than 2,000, highlighting a substantial shortfall of over 4,000 beds [4][5] Company Strategy - The establishment of Shenzhen Beiyi Rehabilitation Hospital is a strategic move in Ping An's "comprehensive finance + medical care and elderly care" strategy, aimed at addressing the increasing demand for high-quality rehabilitation services in the Greater Bay Area [3][5] - The hospital features a total construction area of nearly 30,000 square meters, with 301 approved beds and an expected annual patient volume of 100,000, covering a wide range of rehabilitation needs from acute to chronic care [5][10] Innovative Approach - The hospital adopts a "family-style rehabilitation living hall" concept, emphasizing a warm and supportive environment for long-term patients, which includes art therapy spaces and interactive areas for family engagement [7][8] - An "AI brain" integrated into the hospital's operations allows for personalized rehabilitation plans through precise assessments and AI analysis, enhancing the effectiveness of treatment [8][9] Integration with Insurance - The hospital represents a shift in Ping An's business model from being merely a claims payer to becoming a proactive "health partner," aligning its interests with the health outcomes of its clients [10][11] - The integration of health management, top-tier medical services, and rehabilitation care creates a seamless continuum of care, enhancing patient outcomes and reducing insurance claim rates [11][13] Financial Performance - The North University Medical Group, which operates the hospital, reported a revenue of nearly 4.1 billion yuan in the first three quarters of 2025, indicating robust financial health and operational stability [14] - The collaboration between Shenzhen Beiyi Rehabilitation Hospital and Ping An's elderly care services aims to create a comprehensive care model that spans from hospital to home, enhancing the quality of life for patients [14]

Core Viewpoint - Major insurance companies in China are focusing on the "Five Major Financial Articles" and planning key work for the "14th Five-Year Plan" period, emphasizing the political and people-oriented nature of financial work [1][2]. Group 1: Company Strategies - China Life is in a critical phase of deepening reforms and promoting high-quality development, aiming to become a world-class financial insurance group [1]. - China Ping An is committed to a comprehensive financial strategy that integrates banking, insurance, securities, and funds, focusing on meeting the growing needs of the people for a better life [1][2]. - China Taiping is planning to develop its "14th Five-Year" development plan, aligning with central financial work meeting spirits and focusing on high-quality development [2][3]. Group 2: Financial Services Focus - China Ping An aims to serve key areas such as small and micro enterprises, agriculture, and people's livelihood needs, ensuring financial services flow to critical sectors [2]. - China Taiping emphasizes the importance of developing inclusive insurance products and services, supporting technology innovation, advanced manufacturing, and green development [3]. Group 3: Risk Management and Compliance - China Taiping is enhancing risk awareness and compliance management, focusing on proactive and targeted risk prevention measures [3]. - The companies are committed to leveraging insurance funds as long-term capital to stabilize the capital market and support economic development [3].

Core Insights - China Ping An Insurance (Group) Co., Ltd. reported a significant increase in operational profit and net profit for the first three quarters of 2025, demonstrating strong financial performance and resilience in its balance sheet [1][2] Financial Performance - The group achieved an operational profit of 116.26 billion yuan, a year-on-year increase of 7.2%, with a notable 15.2% growth in the third quarter [1] - Net profit attributable to shareholders reached 132.86 billion yuan, reflecting an 11.5% year-on-year growth, with a substantial 45.4% increase in the third quarter [1] - Total revenue for the first three quarters was 832.94 billion yuan, marking a 7.4% year-on-year increase [1] Business Growth - New business value in life and health insurance surged by 46.2%, with agents' average new business value increasing by 29.9% and bank insurance channel new business value skyrocketing by 170.9% [2] - The investment performance of insurance funds improved significantly, achieving a non-annualized comprehensive investment return rate of 5.4%, up by 1.0 percentage points year-on-year [2] Strategic Direction - The company is committed to deepening the "comprehensive finance + medical and elderly care" dual-wheel strategy, driven by technology, while focusing on high-quality development and meeting the growing needs of the populace [2] - China Ping An aims to enhance its operational management and promote steady performance growth, contributing to the construction of a strong financial nation [2]

Core Viewpoint - The article highlights the formation of a "slow bull" market in China's capital market, with the MSCI China Index expected to rise by 30% over the next two years, driven by a reassessment of asset values by global funds [2][3]. Group 1: Company Performance - China Ping An reported a significant increase in operational profit for the first three quarters of 2025, reaching CNY 116.26 billion, a year-on-year growth of 7.2%, and net profit of CNY 132.86 billion, up 11.5% [3]. - The third quarter saw a remarkable net profit growth of 45.4%, indicating strong market response to the company's performance [3]. - The company's stock price surged following the earnings report, with a peak increase of over 3% on the day of the announcement [3]. Group 2: Core Business Resilience - The insurance sector remains a solid foundation for China Ping An, showcasing resilience through improved operational efficiency and channel restructuring [6][11]. - The life insurance and health insurance sectors demonstrated robust growth, with new business value increasing by 46.2% year-on-year, surpassing the mid-year growth rate of 39.8% [7]. - The agent channel's new business value grew by 23.3%, while the bancassurance channel saw a staggering increase of 170.9% in new business value [9]. Group 3: Integrated Financial and Healthcare Ecosystem - The integration of comprehensive finance and healthcare services is a key strategy for China Ping An, enhancing customer engagement and operational efficiency [12][19]. - The company has achieved significant penetration in the healthcare sector, with nearly 127 billion CNY in health insurance premiums and extensive service coverage in 85 cities [18]. - Customers benefiting from the healthcare ecosystem show a much higher retention rate and contract numbers compared to those without access to these services [19]. Group 4: Market Dynamics and Valuation - China Ping An's growth trajectory aligns with macro policies and industry regulations, creating a favorable environment for business expansion [23]. - The company is viewed as an attractive investment opportunity, with several institutions maintaining "buy" ratings and projecting significant price increases based on strong core indicators [24]. - The ongoing bull market and the demand for stable cash returns make Ping An's consistent dividend policy appealing to investors [26]. Group 5: Technological Empowerment - The integration of AI technology is transforming various aspects of Ping An's operations, enhancing efficiency, cost management, and risk assessment [26]. - AI is also pivotal in creating a seamless connection within the healthcare ecosystem, further solidifying the company's competitive edge [26]. - The strategic use of technology is expected to yield sustainable growth and a robust competitive position in the market [27].

Core Viewpoint - The company reported a solid performance in the third quarter of 2025, with significant growth in net profit and operating profit, driven by its core financial services and insurance businesses. Financial Performance - The company achieved an operating profit of 116.26 billion yuan, a year-on-year increase of 7.2% [10] - Net profit attributable to shareholders reached 132.86 billion yuan, up 11.5% year-on-year, with a substantial quarterly growth of 45.4% [10] - Total revenue for the period was 832.94 billion yuan, reflecting a 7.4% increase compared to the previous year [10] Business Segments Life and Health Insurance - New business value for life and health insurance reached 35.72 billion yuan, a 46.2% increase year-on-year [10] - The new business value rate (based on standard premium) rose by 9.0 percentage points to 30.6% [23] - The agent channel saw a 23.3% increase in new business value, while the bancassurance channel surged by 170.9% [10][23] Property Insurance - The company reported a premium income of 256.25 billion yuan from property insurance, marking a 7.1% increase [11] - The overall combined cost ratio improved by 0.8 percentage points to 97.0% [11] Banking Operations - The bank's net profit was 38.34 billion yuan, a decrease of 3.5% year-on-year [34] - The non-performing loan ratio stood at 1.05%, a slight decrease from the beginning of the year [34] - Core Tier 1 capital adequacy ratio improved to 9.52%, up 0.40 percentage points [34] Investment Performance - The investment portfolio achieved a non-annualized comprehensive investment return of 5.4%, an increase of 1.0 percentage points year-on-year [32] - The total scale of the investment portfolio exceeded 6.41 trillion yuan, growing by 11.9% since the beginning of the year [32] Customer Base and Retention - The company served nearly 250 million individual customers, a 2.9% increase from the start of the year [13] - The retention rate for customers holding four or more contracts reached 97.5% [13] Strategic Initiatives - The company continues to enhance its "financial + healthcare" strategy, with a focus on digital transformation and customer-centric services [43] - The healthcare and elderly care services have expanded, covering 85 cities and serving nearly 240,000 customers [19]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 中國深圳，2025 年 10 月 28 日 於本公告日期，本公司的執行董事為馬明哲、謝永林、郭曉濤、付欣及蔡方方；非執 行董事為謝吉人、楊小平、何建鋒及蔡潯；獨立非執行董事為吳港平、金李、王廣謙、 洪小源、宋獻中及陳曉峰。 海外監管公告 本公告乃根據《香港聯合交易所有限公司證券上市規則》第 13.10B 條而作出。 茲載列該公告如下，僅供參考。 承董事會命 盛瑞生 公司秘書 有关前瞻性陈述之提示声明 除历史事实陈述外，本演示材料中包括了某些"前瞻性陈述"。所有本公司预计或期待未来可能发生的(包括但不 限于)预测、目标、估计及经营计划都属于前瞻性陈述。某些字词，例如「潜在」、「估计」、「预期」、「预计」、 「目的」、「有意」、「计划」、「相信」、「将」、「可能」、「应该」，以及这些字词的其他组合及类似措辞， 均显示相关文字为前瞻性陈述。 前瞻性陈述涉及一些通常或特别的已知和未知的风险与不明朗因素。读者务请 ...

Core Viewpoint - China Ping An Insurance (Group) Co., Ltd. reported strong operational growth for the first three quarters of 2025, with a focus on comprehensive financial services and a dual strategy of "comprehensive finance + healthcare and elderly care" driven by technology [1][2]. Financial Performance - For the first three quarters of 2025, the operating profit attributable to shareholders reached 116.26 billion yuan, a year-on-year increase of 7.2%, with a significant growth of 15.2% in the third quarter [1]. - The net profit attributable to shareholders was 132.86 billion yuan, up 11.5% year-on-year, with a remarkable 45.4% increase in the third quarter [1]. - The group's total revenue for the first three quarters was 832.94 billion yuan, reflecting a 7.4% year-on-year growth [2]. Business Segments - The new business value of life and health insurance surged by 46.2% to 35.72 billion yuan, with the agency channel's new business value increasing by 29.9% [3]. - The bancassurance channel saw a staggering 170.9% growth in new business value [2][3]. - Property insurance premium income reached 256.25 billion yuan, a 7.1% increase, with a comprehensive cost ratio of 97.0%, improving by 0.8 percentage points [5]. Investment Performance - The investment portfolio achieved a non-annualized comprehensive investment return of 5.4%, up 1.0 percentage points year-on-year, with a net investment return of 2.8% [6]. - The total size of the investment portfolio exceeded 6.41 trillion yuan, growing by 11.9% since the beginning of the year [6]. Customer Engagement - The number of personal customers reached nearly 250 million, with a 2.9% increase since the beginning of the year [7]. - The average number of contracts held per customer rose to 2.94, reflecting a 0.7% increase [7]. Healthcare and Elderly Care Strategy - The health insurance premium income approached 127 billion yuan, with medical insurance premium income near 58.8 billion yuan, marking a 2.6% year-on-year growth [8]. - The company has served over 16 million customers in health management services [9]. Technological Advancements - The company is leveraging AI capabilities to enhance customer experience, risk control, and operational efficiency, achieving significant automation in claims processing [10][11]. - AI-driven initiatives have supported sales of approximately 99.07 billion yuan in the first three quarters [11]. Social Responsibility - The company reported green insurance premium income of 55.28 billion yuan and provided 47.39 billion yuan in rural industry support through its "Three Villages Project" [12].